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$300 billion reserved for rebuilding Ukraine. What mechanism for selling Russian property is

$300 billion of funds from the Central Bank of the Russian Federation are reserved for Ukraine. These funds are on accounts outside of Russia and were blocked as a result of unprecedented sanctions.

Oleg Ustenko, adviser to the President of Ukraine, stated this during the telethon.

"Last year, we earned almost $200 billion of our gross domestic product, which is 2.5 years of the country's life. But there is $300 billion that has already been reserved for us, these are funds from the Central Bank of Russia that are on accounts outside of Russia and that will be credited to us," Ustenko said.

The adviser specified that these funds will be credited to the fund that accumulates the seized property of the Russian "so-called elite." This property will be sold in the future. According to Ustenko, sales schemes are already being drafted.

"With regard to this property, so-called debt obligations, bonds will be issued ... For example, if we are talking about a football club known in England, the rights to which are arrested, we may not sell it now. We can issue securities, bonds — buy them, and then sell this club and return the funds in bonds. But the proceeds from the sold bonds will be credited to the fund that is being formed for rebuilding Ukraine," the presidential adviser said.

According to the Prime Minister of Ukraine Denys Shmyhal, based on preliminary calculations, the rebuilding of Ukraine after the war with the Russian Federation will require $565 billion.

Recall that Prime Minister Shmyhal announced establishing funds for the rebuilding of Ukraine, as well as payments of 6.5 thousand UAH for Ukrainians affected by the war.

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